Nordhaus' Death Revives Carbon‑Pricing Debate

William Nordhaus, a central figure in climate economics and the architect of modern carbon‑pricing frameworks, has died. That fact may open a period of debate over how to defend, update, or replace his models and policy prescriptions — from the social cost of carbon to integrated assessment priorities. — Leadership changes among influential economists can shift which technical assumptions and policy instruments (e.g., carbon taxes versus regulation) dominate public and political debates about climate policy.